Latest Business Alerts

Ethiopian Accreditation Office Ready to Raise Awareness

The National Accreditation Office of Ethiopia is ready to raise awareness in the agricultural, health and industrial sectors according to Araya Fesseha Director General of the ENAO.

Accreditation is a new concept in Ethiopia and requires aggressive promotion to raise awareness amongst stakeholders he said.

The accreditation office has conducted training events in Addis Ababa, and the Amahra and Tigray regional states said Araya. Further training will be done in Dire Dawa, Oromia, and the South regional state.

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New Leadership at Total Ethiopia

Total Ethiopia Managing Director Antoine Tourand has been replaced by Marc De Lataillade, after a two and half year term.

Lataillade comes to Ethiopia with 17 years of experience with Total, with his last position being executive vice president for Total World Group, West Africa.

Tournand inaugurated the new and modern Total station at Ayat Village before leaving his position in Ethiopia.

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Ethiopian Airlines Orders Five Bombardier Aircraft

Ethiopian Airlines, Ethiopia’s flag carrier, made a firm order for five Q400 NextGen Bombardier aircraft confirmed Bombardier Aerospace.

Three of the five airplanes are to be operated by Ethiopian Airlines affiliate ASKY, the Togolese airlines, while the other two will remain with Ethiopian.

According to the list price of the Q400 bombardier aircraft the purchase is estimated at a total of 160 million US dollars.

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Ethiopian Tax Authorities Extend VAT Registration

The tax authority in Ethiopia is maintaining its drive to register businesses for value-added taxation across the country.

In Oromia Regional State businesses are being asked to install cash registers for the first time while regional towns are coming under the scrutiny again.

In Adama, Bishoftu and Duken out of an estimated 1, 151 businesses identified for VAT registration only 28.3% have complied by January of 2012.

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Ethiopian Revenues Allows 12.3 Billion Birr in Duty Free privileges

The Ethiopian Revenue and Custom Authority allowed 12.3 billion birr in duty free privileges in the last two quarters of the fiscal year in Ethiopia.

The duty privileges amounts to 35.3% of the total revenue raised by the authority in the last six months according to Efrem Mekonnen, Head of the Communications Department with ERCA.

ERCA extends duty free privileges to members of the diplomatic community and investors in pre specified strategic sectors.

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